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Compliance

ArticlesApril 3, 2015

Legal Columnist Questions CFPB Report on Arbitration Clauses

The CFPB’s latest report on arbitration clauses has a lot of holes, leaving the magazine’s legal eagle wondering what the regulator’s game is.

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NewsApril 2, 2015

N.C. Dealer Hit With Third Sex Charge in Two Months

A used-car dealer was arrested this week for allegedly trading repairs on a Dodge Magnum for a sexual act. He was already facing charges stemming for two other incidents, including kidnapping and sexual battery.

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NewsApril 2, 2015

Buffett Won’t Steer F&I, Defends Franchise Model

The Billionaire investor weighs in on a host of topics, from Tesla and the franchise system to his acquisition of the Van Tuyl Group and the opportunities that lie in F&I.

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Newsby Brittany-Marie SwansonApril 2, 2015

NYC Seeks to Remove Dealers from Subprime Auto Finance

The New York City Department of Consumer Affairs announced a new car loan initiative this month, which would direct subprime car buyers away from dealership financing to loans provided directly by banks and credit unions.

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NewsApril 1, 2015

Agency Head to Tackle 'Your Responsibilities' at Compliance Summit

Michael Tuno of World Class Dealer Services will provide a regulatory update as well as some practical takeaways attendees of Compliance Summit can easily employ at their stores.

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NewsMarch 31, 2015

SMART Payment Plan Appoints Compliance Officer

Jackson Bigham has been named chief compliance officer of SMART Payment Plan. In that role, he will be responsible for managing SMART’s state and federal regulatory compliance and regulatory reporting.

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NewsMarch 26, 2015

FTC Announces Multi-Agency Crackdown on Dealership Fraud

The FTC's enforcement sweep, which resulted in six new cases and $2.6 million in monetary judgements, marks the first time the agency has targeted add-on products and services.

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Newsby Brittany-Marie SwansonMarch 26, 2015

SMART Payment Plan to Unwind Texas Business

SMART Payment Plan was ordered to wind down its business in Texas for operating without the proper state license since 2009. The biweekly payment provider can reapply for the license in 12 months.

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NewsMarch 26, 2015

Senator Proposes Amendment to Reign In ‘Rogue’ CFPB

Proposed last week, an amendment to the Senate’s 2015 Budget Resolution would give Congress oversight of the CFPB, which currently has a budget of about $600 million and operates under the Federal Reserve.

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NewsMarch 25, 2015

Former Regulator Joins Midwest Compliance Summit

Organizers announced today that Reynolds and Reynolds’ Terry O’Loughlin, who spent 16 years in the Florida attorney general’s office, will kick off the Rules and Regulations portion of the event.

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